Financial Insights That Matter Japan has raised the issue of auto tariffs with the US after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy. Tokyo is closely watching any potential impact stemming from higher levies, which the president said might […]
Japan records $18B trade deficit in Jan #JapanFinance
Financial Insights That Matter TOKYO — Japan recorded a trade deficit of 2.76 trillion yen ($18 billion) in January, the Finance Ministry reported on Wednesday, as worries continue to grow about looming tariffs from the administration of United States President Donald Trump. Japan also had a trade deficit, which measures the value of exports minus […]
Japan’s exports and imports grew in January, as tariff worries loom #JapanFinance
Financial Insights That Matter TOKYO (AP) — Japan recorded a trade deficit of 2.76 trillion yen ($18 billion) in January, the Finance Ministry reported Wednesday, as worries continue to grow about looming tariffs from the administration of U.S. President Donald Trump. Japan also had a trade deficit, which measures the value of exports minus imports, […]
Japan Raises Car Tariffs With US as Trump Threatens Hikes #JapanFinance
Financial Insights That Matter (Bloomberg) — Japan has raised the issue of auto tariffs with the US after President Donald Trump threatened to impose a 25% levy on car imports, a move that would likely deliver a big blow to Japan’s economy. Most Read from Bloomberg Tokyo is closely watching any potential impact stemming from […]
Bank of Japan must keep raising rates gradually, says board member Takata #JapanFinance
Financial Insights That Matter BANK of Japan board member Hajime Takata said on Wednesday the central bank must continue to raise interest rates gradually to avoid upside price risks from materialising. “Inflation is approaching the BOJ’s 2 per cent target with positive corporate behaviour already observed,” Takata said in a speech. “It’s important to continue […]
Japan Finance Minister Kato says Q4 GDP data signal bright sign in domestic economy #JapanFinance
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Japan’s Norinchukin Bank CEO to resign over huge losses #JapanFinance
Financial Insights That Matter TOKYO — Japanese agricultural lender Norinchukin Bank’s President and CEO Kazuto Oku will step down to take responsibility for the bank’s huge loss in the fiscal year ending March. Oku, 65 years old, will resign at the end of March, with Managing Executive Officer Taro Kitabayashi, 54, taking over the top spot. […]
RBA poised, China tech booms, Japan GDP sizzles #JapanFinance
Financial Insights That Matter By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. There’s no shortage of market-moving news in Asia on Tuesday, with an Australian interest rate decision, China’s tech boom and sizzling Japanese GDP figures front and center for investors, against a backdrop of unfolding geopolitical drama around […]
Mizuho Bank worker stole safe-deposit box valuables in 2019 #JapanFinance
Financial Insights That Matter Mizuho Bank said Tuesday safe-deposit box valuables worth tens of millions of yen belonging to two customers were stolen in 2019 by an employee, following a similar incident reported by another Japanese megabank last year. Mizuho Bank had not made the incident public “in consideration of its relationship with customers,” an […]
Bain concedes to KKR in $4bn fight for Japan’s Fuji Soft #JapanFinance
Financial Insights That Matter Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Bain Capital has halted its $4bn pursuit of Japan’s Fuji Soft, conceding to rival KKR in one of the most bruising battles in global private equity. The firm said on Monday […]